 Atlanta,
GA � December 2002 � Homestead
Studio Suites Hotels, owner of more than 100 extended-stay hotels in
28 states, announced aggressive expansion plans that begin with an active
search for individual hotels or hotel portfolios from interested independent
owners.
This
announcement followed Homestead�s acquisition of the Dallas North Hawthorn
Suites from an independent owner � the company�s first conversion since
its inception in 1992.
�For
Homestead, the Hawthorn acquisition was a smart move at the right time,�
said Homestead President/CEO Gary A. DeLapp. �While the economy may be
down, our parent company�s (Blackstone Real Estate Investors) belief in
our brand remains strong and we remain positioned and committed to grow
our portfolio with hotels whose product type meet our brand standards and
provide opportunity for seamless conversion.�
Extended-stay
or all-suite hotel owners interested in selling their hotel or portfolio
to Homestead for conversion should contact Gregg Plouff at (770) 303-2203.
About
BRE/Homestead Village L.L.C.
BRE/Homestead
Village L.L.C., based in Atlanta, is an owner and operator of more than
100 extended-stay hotels in 28 states under the Homestead Studio Suites
brand. Homestead provides a quality lodging experience for the growing
ranks of travelers needing lodging for three nights or more. Each studio
suite features a fully equipped kitchen, work area with computer dataport,
free local calls and voicemail that can be personalized.
Additional
information about Homestead Studio Suites Hotels is available on the company�s
web site at www.homesteadhotels.com.
Contact:
Karen K. Burke
(t)
(770) 303-8364
(f)
(770) 980-2311
kburke@homesteadhotels.com|
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